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Love it or hate it, Robinhood is now worth more than $11 billion. The controversial trading app announced on Monday that it raised a new $200 million round of funding that now values the startup at $11.2 billion. Robinhood’s newest windfall, its second major round this year, comes months after the app and its more …
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Mega-popular battle royale game “Fortnite” has been booted from the App Store after launching an in-app payment system that allowed it to circumvent Apple’s stiff 30-percent fees. The move effectively bars any new downloads of “Fortnite” onto iPhones or iPads, as the App Store is the only way to download new software onto Apple devices. …
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The 1990s were simpler times. The news was dominated by Bill Clinton’s various sexual escapades, but also a bubble in internet-related stocks that was partly fueled by the democratization of stock trading. The latter inflated the stock market generally, and if you’re old enough to remember, pretty much crashed it. Newbie investors took the brunt …
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Mom-and-pop investors spending their stimulus checks on no-fee trading apps like Robinhood weren’t all winners in the June rally they fueled, but one Wall Street firm that executed their trades appears to have made out big. Virtu Financial, a $10 billion Manhattan-based provider of trading services, announced gangbuster trading income on Friday, which Wall Streeters …
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New York City’s 311 hotline has received more than 90,000 housing complaints since the coronavirus lockdown began in March, with a third of callers griping about heat and hot-water issues. The city also has seen a 40-percent drop in bedbug complaints between 2015 and 2019, while cockroach and mice complaints are up 20 percent and …
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European Union regulators have launched two antitrust investigations focused on whether Apple violated competition rules in its App Store and its mobile payment service. The probes mark the European Commission’s latest crackdown on tech giants over competition concerns. Regulators could fine Apple up to 10 percent of its annual revenue if they find the company …
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As more Americans join nationwide protests following the killing of George Floyd, they’re turning to encrypted messaging apps to communicate with each other. Downloads of mobile apps like Signal — a secure messaging app which offers end-to-end encryption — have skyrocketed, getting nearly 40,000 downloads over last weekend alone, according to data from industry tracker …
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The investor group that’s buying Grindr has connections to the Chinese tech firm that was forced to sell the gay dating app in the first place, a new report says. Federal regulators last week approved Beijing Kunlun Tech Co.’s sale of Grindr to a company called San Vicente Acquisition LLC. The Committee on Foreign Investment …
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Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition. The panel, the Committee on Foreign Investment in the United States (CFIUS), ordered Kunlun last year to divest Grindr amid concerns …
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New Yorkers Matt Robertson, 31, and Khani Le, 29, matched on the dating app Hinge in February, and by date No. 3 they had booked a trip to Costa Rica. But they’ve wound up stranded in Central America during the pandemic. On Day 71, they spoke to Page Six. “Our first two dates went really well … …
Love it or hate it, Robinhood is now worth more than $11 billion. The controversial trading app announced on Monday that it raised a new $200 million round of funding that now values the startup at $11.2 billion. Robinhood’s newest windfall, its second major round this year, comes months after the app and its more …
